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it the wrong way. >> you live by the sword and you die by the sword. harry reid started this. >> starsted what? >> thatismerary -- tempory process. it is the risk they run when they play these kinds of gamings. >> not a usual position for rick. now to eric with what is coming up on cashin? >> wait until you hear the new excuse for spending taking hold in washington. cash in is on in the bottom of the hour. >> first on forbes. did you ever want to know what your coworkers make? many companies are clicking and letting you find out. some on the forbes' group are saying show me the >> private sector salaries not so private. growing number of companies are releasing how much employees are making. co-workers say it is too much information and morgan, you say no problem, explain. >> it is great for business whether it workings or not and represents innovation in the workplace it is good as far as the as a result quality of pay and we have elements of this in the workplace. they have to disclose their salaries and see it with publicly traileded companies that disclose their. i don't think it is it a n
party lines, but yesterday republicans blocked an up or down simple majority vote planned by harry reid, so tomorrow the majority leader has scheduled a cloture vote, or if we go to the rule video, the only procedure by which the senate can vote to place a time limit on consideration of a bill or other matter and thereby overcome a filibuster. the procedure requires 60 votes, so now democrats will need support from 60 senators just to overcome the filibuster and schedule a vote on chuck hagel. >> there has never in the history of the country been a filibuster of a defense secretary nominee. never. chuck hagel had nothing to do with the attack in benghazi. is that something they need to have on their resume? i filibustered one of the president's nominees. is that what they want? >> senator john mccain who once said he would oppose a filibuster of hagel because it would set "a bad precedent" is changing his tune. he tells "foreign policy magazine" my position right now is that i want an answer to the question. that question totally unrelated to chuck hagel as defense secretary is what pre
. >> you live by the sword and you die by the sword. harry reid started this. >> starsted what? >> thatismerary -- tempory process. it is the risk they run when they play these kinds of gamings. >> not a usual position for rick. now to eric with what is coming up on cashin? >> wait until you hear the new excuse for spending taking hold in washington. cash in is on in the bottom of the hour. >> first on forbes. did you ever want to know what your coworkers make? many companies are clicking and letting you find out. some on the forbes' group are saying show me the money. that flip side is coming up next. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity a. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...ts green line just appeared on my floor. yeah, that's fidelity helping you reach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. t
ought to stop calling it universal check, it's the check on law abiding people. >> reporter: harry reid says he supports the second amendment but he is not going on to let the nra getting in his way. >> just because they resist it doesn't mean we can't do things. we have a lot of special interest groups complain about things, we'll listen to them and make the right decision. >> he says the senate might soon debate on an assault weapons ban something that gabrielle giffords's husband argued for today. >> i spent 25 years in the military. i know the value of having an assault weapon and i think they are way too readily available. in time we will be able to address those issues. >> nra said enforcing existing laws would reduce gun violence and so would rounding up gangs in places like chicago. >> gregg: peter, thanks. >> heather: new information now on a charter bus crash in boston that left 35 people injured and one critically. the vehicle carrying high schoolers and chaperones it slammed into an overpass. the driver of the bus ignored road clearance warning signs. passengers say the impa
the most extreme element in their own party through the primary processes, and that's why harry reid right now is running the senate. >> but there are -- i mean, you saw the front page of the business section of "the new york times" yesterday. there are people who want these assault weapons, and they're selling off the shelves at twice the price. twice the price. i was online looking at guns. it's unbelievable how they're marketed. people like them. people in america feel they need these multiple -- what's that? >> did you buy one? >> no, i was just trying to understand. i personally don't get it. but there is -- it's not just an extreme fringe tiny bit of society. there are people out there who support this. >> i tell you what. >> in our society. >> there aren't enough of those people out there that feel like they have to have an assault weapon to carry presidential elections or senate elections. >> there's enough to make gun manufacturers a lot of money, to make the gun lobby powerful, to make people like wayne la bpie e pierre -- >> think about the money he makes by ginning up fear in a
slammed harry reid for saying he hadn't read dianne feinstein's bill banning assault weapons. >> how can harry reid, a fellow democrat, and i'm willing to criticize him, say he hasn't read the bill. this is an emergency. let's knock off the washington baloney and support the president and get some things done. >> the white house wants to overload washington's political circuits. an effort to see what it can get through congress without letting congress and particularly congressional republicans, define what issues get addressed. republican leaders are making it clear they prefer to talk about just one thing before the march budget shutdown. >> this was supposed to be the day that the president submitted his budget to the congress. but it's not coming. i think that's too bad. our economy could use some presidential leadership right now. >> and top senate republican mitch mcconnell was just as eager to talk budget hitting the floor to slam democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is
year and harry reid said no, no, no. >> state of the union is time for bold talk but his version is used the word modest. >> keep in mind there was a big announcement 400 billion that would be cut a piece said this was a rare irish. mo there is talking good games but that is cut for what they wanted to increase. >> republicans have not proposed to kill anything. >> it means you reduce the rate of increase but when you take a program, and it, send the workers some, close the door and ex out the legislation. the administration put in anng by fdr is still a place nowthe putting broadband there. the republicans should find an antiquated programs and ship them done -- down. the christopher columbus fellowship program, 80% to spend an overhead, even the president requested it closed fourd a greastor times, republicanswa introducedll legislation because senator cochran has a contributor on the board who preserves it. >> don't go to a silly example but talk about farm subsidies that is bipartisan agreement they are broken, in this same bill as food stamps, american farmers are not in tro
with harry reid. >> should the president turn his bus around? we report. you decide. >>steve: turn the bus around or turn the beat around? >>brian: one was al roker's book and one was the 1970's hit. >>steve: the president tells the press out with you's. >> look forward to our partnering. with that, what i want to do is clear out the press so we can take some questions. all right? >>brian: fantastic. goodbye, ed henry. there is one way to hear what he has to say. a little bit later you're going to ask some questions and i'll leave. the picture you didn't see from the first lady's oscar appearance. who decided she needed to cover up and get some sleeves and a higher neckline? "fox & friends" starts now. >>steve: welcome board to the tv barn, everybody. what does that mean? [mooing] >>brian: steve was recruited off the future farmers of america's rosters. >>steve: i was back in the day. >>gretchen: are you from kansas? >>steve: yes, i'm from kansas. >>alisyn: i didn't know you are on some sort of farmer's bulletin board. >>brian: then you married kathy, a city girl and brought her to the cou
was serious, he'd sit down with harry reid and begin to address our problems. >> you know, willie, it strikes me not only the white house but liberals for a decade now have said if republicans were serious about the deficit, they would cut defense spending and they would come forward with tax increases. well, it looks like, as mike was talking about yesterday in this new york article, republicans are going to come forward and let these defense cuts go through. so republicans will, over the past three months compromise in defense spending and compromise in tax increases. so i think it's fair at this point to say, mr. president, show us your hand, because this is what we've been hearing for a decade. taxes have gone up and now we're going to cut pretty significantly from the pentagon's budget. your move, mr. president. >> he wants revenues to go up again and john boehner's response is, we just did that. >> that's the thing. we always heard, you guys raise taxes, cut defense spending and then we will come back with a compromise on spending cuts. but, no, we raise taxes, we come forward with pent
. nonetheless, harry reid, given the fact that we're facing that looming deadline on friday, he says the republicans can fix it all if they do the one thing they absolutely won't do, which makes this impossible, and that is jack up taxes. >> those cuts will go forward. they are all cuts. i think we need some revenue to take the pressure off everybody. the american people agree with me. until there's some agreement on revenue, i believe we should go ahead with the sequester. >>gretchen: it's interesting because the president talks about compromise. i know time goes by fast. but the republicans just did compromise and they did raise taxes. in fact, everyone's taxes went up because you're all paying social security again now. the tax-free holiday is gone. it's amazing to me that this messaging is still out there, that this is all about taxes. by the way, senator reid, americans don't agree with you totally. here's a rasmussen poll. the best way to slash the deficit, reduce taxes alone, only 6%. reduce by cutting spending: 45%. a combination, more spending cuts than tax hikes: 36%. >>st
to harry reid. bill: that is cab fare, by the way. steve hayes, senior writer, "weekly standard." fox news contributor. good morning to you. >> good morning bill. >> president is on the road. no meetings to talk about this between senate leaders and house leaders. no meetings with the administration. friday there is no session on the schedule for congress. >> right. what's different about this one is that in the past, the fiscal cliff, these other things you at least staff to staff contact and negotiations and ongoing discussions, sort of largely out of public view. that even is not happening in this scenario. i think we're likely to see the sequester come march first and see how it plays out the next month. bill: if it comes, this deadline is little different from what we've seen in the past, steve. >> right. bill: this is gradual. make it works its way into the system a little bit at a time during the month of march. for sure during april. >> right. bill: it seems to have a different feel. there is not the urgency there. >> it does. this is where the white house is having, creating some
be a complete victory over barack obama and harry reid. and some republicans say just let the sequester happen, let the cuts happen. he says it is understandable because going to the trouble of fixing the sequester would be fixable, and the effort to do so would create strains in the republican congress. but what is understandable is not always responsible, allowing the sequester to go into effect would be deeply irresponsible. steve, deeply irresponsible has never been a winning argument with the house republicans. it has never scared them. >> but i guess, this is an interesting division in the republican party with the rise of the tea party. because the republican party has traditionally been the protector of the defense contracts. there is a conservative part that says to heck with them, we're in favor of big sweeping cuts but we're also okay with big sweeping cuts to the defense department. then you have big crystal, john mccain even floating the idea maybe he would be okay with more revenue as long as it meant getting the revenue off the sequester. the interesting thing here, march one is
and harry reid and the hl said in the last few days we don't have a spending problem. this will hurt in places. at the end of the day it's unclear how much people will blame the president or the republicans for what. they think we have a spending problem. >> great thing about everybody wants, thinks ve a revenue problem. spending problem. this is great until it's their thing that got cut. my job or my social security or medicare or whatever the cut is. everybody thinking we have a spending problem until it happens. the cuts come and price to play and then we blame somebody. there is blame on both sides but that is the politics. >> bret: does it happen? >> i think there will be -- we have sequestration. >> does it happen? >> absolutely. we needed presidential leadership for 18 months to avoid this. the president is nowhere, never presented a plan. last week they asked in congress testimony what is the number attached to the president's plan and he said we have never seen a president plan. avoid it. >> thank you. coming up, sig, assigning blamer war crimes in syria. [ male announcer ]
shortly thereafter. here is harry reid. >> there's a fair and constructive nomination process politically mow vated sent a terrible signal to our allies around the world. >> joining me right now is john bar ross sew. i want to remind everybody that you sent a letter to the president last week asking him to drop hagel's name from consideration and on that same day we had richard shelby saying that he will support hagel and he's probably as good as we are going to get. why are you still against chuck hagel moving forward and being confirmed? >> well, thank you, thomas, for having me. i think he's the wrong person to lead the department of defense. it's the largest employer in our country, a significant management skills are needed. i also believe that he has been wrong. he has a long history that is to me unsettling in terms of positions on iran, iraq, israel, and nuclear weapons. and i think thomas, anybody that watched the confirmation hearings know that he appeared very wobbly. i don't think we have that with chuck hagel. >> is this more about getting a former republican in charge of def
. how d special report? how are you doing. >> reporter: good morning, bill. bill: harry reid is talking about this potentially on the floor of the senate. if there is news we'll bring it to our viewers. graham says the debate is not over, it has not been serious. what gives? >> reporter: a couple of things, one is confirmation hearings matter. this was not a good showing for chuck hagel in this confirmation hearing and despite the fact that you have other controversial cabinet nominees who have potentially bumpy confirmation hearings hagel's did not go well, and even folks on the democratic side will acknowledge that, and that has made it even more difficult. then you have the additional problem, from his supporters' point of view, that there are calls for speeches that did not come out for the committee that hagel gave and they never received, and now you have one speech, for example, that a group says that they can get to the committee by friday. its already out of committee, but -- so now it's on the house floor. this vote happens, they need 60 votes. democrats have a 55-45 vote marg
with him that there is a do nothing congress, but it is the senate, harry reid who is the do nothing. they have passed legislation for the last two years in the house of representatives, since the republicans had control. what happens? nothing. the senate sits on it and does nothing. second i want to -- want to talk about fiber. there is technology available today where each individual home could be self-sufficient -- self-sufficient with its own energy sell. what is amazing is if we have 500 years of natural gas, there it is. nobody can attack us if every household has energy. we eliminate the grid because everyone has the wrong grade. there is a company in california that is powering e day using methane gas. that company is blue energy of california. host: the president signed an executive order last week regarding cyber security. some news about that, they intended to improve information sharing to establish a framework of cyber security best practices. "the white house spent the last several months crafting the order after congress failed to pass cyber security legislation last y
was serious, he would sit down with harry reid and begin to address our problems. the house has acted twice. we should not have to act the third time before the senate begins to do their work. guest: speaker boehner was the chairman of the education committee when i sat on there when i first came to the congress. he is usually a very reasonable person. i think some of that was a little bit of politics. i do not seek the president using our armed men and women as props. certainly, i think there is some gamesmanship going on by both sides the bottom line is -- and both sides could the bottom line is, speaker boehner, there are many people that want to be at the table with you and want to start to make smart cuts -- both sides. the bottom line is, speaker boehner, there are many people that want to be at the table with you and want to start making smart cuts. if we need to save defense, if we cannot cut deeply to defense, then sit down with us and decide how much from defense is really fat and waste right now, and let's figure out how we make up the rest of that money. that is called a new rev
and women as campaign props, if the president was serious he'd sit down with harry reid and begin to address our problems. the house has acted twice. we shouldn't have to act a third time before the senate begins to do their work. >> good afternoon. we heard the president say last week that he was going to be forced because of the sequestration to let criminals loose on the street if he didn't get another tax hike. today we're hearing discussions from the secretary of homeland security that somehow we're going to have to sacrifice homeland security efforts in keeping our country safe if we don't get another tax hike. this is a false choice. and the president has been engaging in this rhetoric of a false choice for weeks now. as the speaker just indicated, we in the house have acted. there is a smaller and better way to go about trying to achieve the reductions in spending so we can get a control over the spending. and in the house we even included measures that the president has proposed in his own budget. but yet the president won't support even his own measures unless there's a tax increas
'd sit down with harry reid and begin to address our problems. >> all right. i think speaker boehner is right. the country is waiting for spending cuts for a change, not tax hikes. i still make this case, by the way. lower spending, limited government. it's good for the economy and will also be good for stocks. we'll be right back on "the kudlow report." how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're a family. get a synthetic blend oil change, tire rotation and much more, $29.95 after $10.00 rebate. if you take care of your car your car will take care of you. >>> welcome back to "the kudlow report." i'm larry kudlow. in this half-hour, we said fr
, if the president was serious he'd sit down with harry reid and begin to address our problems. the house has acted twice. we shouldn't have to act a third time before the senate begins to do their work. >> good afternoon. we heard the president say last week that he was going to be forced because of the sequestration to let criminals loose on the street if he didn't get another tax hike. today we're hearing discussions from the secretary of homeland security that somehow we're going to have to sacrifice homeland security efforts in keeping our country safe if we don't get another tax hike. this is a false choice. and the president has been engaging in this rhetoric of a false choice for weeks now. as the speaker just indicated, we in the house have acted. there is a smaller and better way to go about trying to achieve the reductions in spending so we can get a control over the spending. and in the house we even included measures that the president has proposed in his own budget. but yet the president won't support even his own measures unless there's a tax increase. so the president really ought t
a budget by the first monday of february. senator harry reid said the gun legislation in the senate will include magazine size and background checks, but it would not seek a ban on military-style assault weapons. an amendment could be included to cover that. the president heads to minneapolis to discuss gun control. and the cost of the 2012 elections are in. the final price tag is estimated at $7 billion. according to the consumer confidence index, half the respondents said that the financial crisis went under the labour retirement plan. we are interested in hearing from you if the financial crisis delay your retirement. want to give us a call, the numbers are on your screen. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. if you want to reach out to us on social media, you can send us a tweet at twitter.com/c-spanwj. around 40 people so far responding on facebook. and you can send us an e-mail to journal@c-span.org. the survey that was mentioned talks a little bit about respondents' and what they were asked about as far as their retiremen
to our country. the president hates it. speaker boehner he said. majority leader, harry reid, he'd say. and they created it. imagine how the rest of us feel about it. yet somehow our leaders can't seem to figure a way out of that. we all agree the country needs to find a more sustainable fiscal path. in my view we need a balanced approach as wes said a few moments ago that includes the spending and revenues. cuts in spending should focus on programs that are growing the most, not on discretionary spending, which is not growing, it's not the problem and has borne the brunt of cuts. discretionary spending as a part of the budget where america's future lies. it includes such investment as research and education. cutting investment in our future is not the way to solve this problem. yet that is exactly what the sequester will do. there's a better way. we've talked quite a bit about the impact of the sequester on an economy still recovering. i want to focus on the longer-term, the economy and the nation relieved to her children, grandchildren and great-grandchildren. the research is being c
tomorrow. now, harry reid filed a motion to limit debate and force a vote. even though hagel is a former republican senator, it's his fellow republicans who have been strongly opposing his nomination. now, democrats hold 55 seats in the senate. but they need five republican votes to move ahead with hagel's confirmation. >>> this morning, former secretary of state, hillary clinton is being honored at the pentagon. we're watching the pentagon this morning. defense secretary leon panetta will be hosting the event on his last day in office. hillary clinton is being honored for her four years as secretary of state during which she traveled more than 1 million miles and visited 1 -- 112 countries. >>> in just hours, the national rifle association will directly respond to president obama's state of the union address. the nra rejects the president's gun control proposal. as kyla campbell reports from our washington, d.c. newsroom, this is all happening as the california congresswoman joins other moms against gun violence today. >> reporter: jackie speier is joining with group moms rising which h
to the left that they can't-- all right i've got to go. >> the bills have been passed and harry reid won't bring them up. if you want to compromise get in the game and-- >> we've had that debate and the two parties see it very differently. in any event, kind of depressing, isn't it? and thanks for being here, though. thanks for being here. and maybe this will cheer you up, can you sue your parents for not loving you enough? we'll investigate that next. >> kelly's court is back in session. a 32-year-old man accusing his parents not loving him enough as a child so he's suing them for a hefty allowance. bernard bay is homeless and yet an aspiring record mogul. he blames his parents for his situation and saying they weren't loving or nurturing at all when he was a child and now he's asking a judge to force him to pay up claiming $200,000 should set things right. his mother says, bernard, get a job. adding that she has had a lifetime of old bernard and she's done. can you really sue for this? jonna spilbor is a former prosecutor and now defense attorney and julia is a former prosecutor and n
, harry reid, was on the floor just a moment ago. republicans around the country, the majority of them support this balanced approach and the only republicans who don't are those who work on capitol hill. right now, mcdonald's connell is speaking -- right now, mitch mcconnell is speaking. this is all happening as president obama heads to newport news, virginia where ship yards could be hit the hardest. he says those cuts could be felt in california since the company has a supplier base in all 50 states. but the chairman of the republican governors association says the president's scare tack tis are not working on him. >> i think it's time for the president to leadership. he's been trying to scare the american people, trying to scare now states and others. >> reporter: and some republicans accuse president obama of another possible scare tactic. when he says terrorists will have an easier time getting into america. homeland security says these cuts will hit hard when it comes to boarder security and the tsa. president obama is talking in virginia just over three hours from now. he will
is scheduled to meet tomorrow wi pelosi and boehner and mitch mcconnell and harry reid but that meeting will come after these automatic spending cuts become law. but some republicans are pointing to positive news. they say that all of these automatic cuts would be re-- could be reversed before they take effect because a long-term spending bill is due march 27th. i'm kyla campbell, ktvu channel 2 news. >>> let's bring you up to date on some of the other top stories we're following for you right now. >> translator: thank you, all, and good night. [ cheers ] >> you saw it live right here on ktvu. that was pope benedict xvi's final public message as pope. the pope spoke from the balcony from the papal retreat in italy. he will formally resign in two hours from now. he thanked the world's $1.2 billion catholics for their love, prayers and support. >>> back here at home, police in santa cruz will go back to work this morning after mourning the loss of two veteran detectives killed in the line of duty. tara moriarty is joining us from santa cruz now with some new information about the death of
said that it was his refusal and of harry reid, he is again violating the law of the land that does not put forward a budget. this is all, remember they used to say there is no drama obama. he is all about drama. this is reaching absurd proportions. it is very dangerous but the president is doing. this is a leadership vacuum that you are watching right now in washington, d.c. it is deeply disturbing to watch it unfold. melissa: especially when you listen to the language that he is using and you realize ever want at the table is speaking a completely different language. when you are trying to make a deal with someone, you try to understand what the other person is saying. it is the opposite of what we are seeing here completely. lou: a glimpse of the apocalypse. the markets, i believe, right now we are up a few points from when he actually began talking. we will see this market begin to yield to the sheer weight of the uncertainties that are compounding in washington, d.c. you cannot continue along this path. both parties talk about sustainability. this is simply not sustainable. the
the sound bite from majority leader harry reid but he said he grew up in a town filled with brothels. you know he's from nevada near las vegas area and so he's used to quote salty language and so this didn't offend him but he said, wolf, that the speaker should know who is sitting on their posterior. if this is the language they are using before the cuts go into effect this may be a more exciting story. >> how effective has the president been in delivering this hard hitting message basically totally blaming the republicans for refusing to compromise? >> well, the goal here is to make this really feel, make americans realize how much this will hit home and how much the budget cuts will impact their own pocketbook. the latest polling shows that's had mixed results. right now 60, 6-0 percent of americans believe these forced spending cuts will hurt the overall economy. only 30% think it will have a major impact on their own personal finances. and politicians, insiders, both democrats and republicans tell me they think more americans have to really feel it in the pocketbook before democrats a
of the people who will be at the meeting tomorrow. john boehner speaker of the house. harry reid senate majority leader, mitch mcconnell and nancy pelosi, of course. what is the point of this meeting tomorrow? it is the deadline. what are they going to get done in this meeting. some people are saying it could be a photo opportunity to once again -- the president is very good at messaging -- to put out to the american people. i tried, i had a meeting with these top-level meeting and nothing came of it. >>brian: i have a hunch. john boehner is on the record saying this is going to be a listening meeting for me. i think the president will say there is your delay for two months. here's an idea of going forward for the next two months. is delay all these cuts from taking place. therefore, if you don't accept this piece of paper, you are truly the bad guys. >>steve: "the washington post" says today that what the president is going to ask republicans, he's going to ask them what one tax break would you give up? just give up one thing. of course the white house has made that clear that they want more re
. majority leader harry reid hates it. 13 majority leader harry reid hates it. they created it. imagine how the rest of us feel about it. somehow our leaders cannot seem to figure a way out of it. we all agree the country needs to find a more sustainable fiscal path. in my view, we need a balanced approach, as wes said, that includes both spending and revenues. cuts in spending should focus on programs a growing the most, not on discretionary spending, which is not growing, is not the problem, and yet has already borne the brunt of cuts. the discretionary spending is a part of the budget where america's future lies, including such investment as research and education. cutting invesart ent in our fute is not the way to solve this problem. yet that is exactly what the sequester will do. there is a better way. we have talked about the impact of the sequester on an economy that is still recovering. i want to focus on the longer term, the economy and the nation that we will leave to our children, our grandchildren, and great-grandchildren. the research being cut with the sequester affects long-t
override -- harry reid yesterday said the nra is just one organization among many. we listen to them but that doesn't mean we follow them. can we override the nra on these background checks? will we this time? 866-55-press. one other gun-related item that caught my attention that i find disgusting, this headline in "the new york times," got the whole article because i clipped it, it bugged me so much the most wanted gun in america. you know what happened up in newtown connecticut on december 14th, this union gunman broke into sandy hill elementary school, takes out his ar 15, mos down 20 innocent 6 graders, some of them shot 10, 11 times action with that ar 15, also mowed down and killed six innocent teachers and supervisors there at that school the police say that's the weapon he used, the ar 15. so what did we do about it? what did americans do about that? did they turn in disgust at that weapon, that semi automatic assault rifle? did they say this good shall beould be banned because nobody needs a gun like that to defend himself or her family? we did the opposite
? >> harry reid won't get a paycheck if he doesn't pass a budget. we finally got his attention. >> i don't think there's any tag days for him getting a paycheck but thank you. >> about the g-7 -- >> my word, absolutely. currency wars front and center, particularly london, the world's major foreign exchange center. notice the stock markets are higher almost across the board. one of the major reasons the banks are rallying today, at the helm, barclays. unveiled a structureture to cut costs and rebalance the bank away from investment banking and the way consumer units grow organically much faster and return to internal equity of about 15%. the stock is up 18%. it continues to gain and dragging other banks in the uk and elsewhere and spain with it, and what the ceo had to say. >> we have to manage our capital very effectively and reduce our cost space and reduce the ratio of compensation to our net income. that's what we're talking about today. >> for the record, the average bonus investment banking at barclays is down 17% at $84,000. the big debate in europe remains on currencies, brussels,
proposed it to harry reid and off it went. in the end all the fingerprints of washington are on this deal in the end. you're saying in fact our navy is too pau small, you want a bigger one, buy bigger, cheaper, faster ships. this is a wake up call for the defense department. how do they learn from this. ralph? >> well, i hope they feel some real pain. i don't want our troops to feel pain. i don't want any honest federal worker to be furniture load. but my god, bill, the waste in the defense budget is enormous, and there is no lemon law when contractors sell us junk. generals and admirals don't say boo about weapons that don't work because they get out and go to work for the defense industry for lucrative salaries, and congress, again, they'll vote to preserve 20 bad jobs in their home district even if it cost us 20 troops. you're absolutely right, everybody's fingerprint is on it and my line to the republican is if sequestration is so bad, why do you guys vote for it? why do you have the guts to stand up back then? i say a playing on bot plague on both their houses stphao. bill: the milit
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